IPOX Global Summery:The performance of the IPOX Global Indexes relative to global benchmarks continued to surge during another tumultuous week for (mostly developed) markets. As a credit to the influence of emerging markets, relative volatility declined for a third week in a row.

IPOX Global Universe:
· The IPOX Global Indexes recorded one of the largest jumps in relative performance in recent months with the IPOX-30 Global (All Markets) Index – currently measuring a total market cap of USD 642.04bn and average constituents size of USD 21.40bn – gaining 295, 310 and 420 basis points versus benchmarks S&P 500, MSCI World and Dow Jones Stoxx 50, respectively.
· This increased the overall performance lead of IPGL30 versus the benchmarks S&P 500 to 507 basis points YTD. At the same time, index volatility continued to substantially decline relative to the benchmarks.
· 76% of all constituents in the broader IPOX-100 Global universe recorded negative returns with the average equally-weighted constituent falling by 5.00%.
· The contribution of companies domiciled in emerging markets was key to the substantial outperformance with Russian/Chinese constituents VTB (+13.08%), OAO Rosneft (+3.41%), China Construction (+3.04%), China Merchants (+2.78%) and Bank of China (+1.78%) closing positive on the week.
· In IPOX Global Sectors – as the Obama administration seeks to address a broad US health care reform - Health Care (-12.71%) remained weakest. Materials (-0.12%) were the strongest sector due to a broad rally in global mining stocks with Eurasian Natural (+12.09%) or Fresnillo (+11.92%) rising, mostly linked to London-traded Xstrata news.